[Form 4] Uranium Energy Corp. Insider Trading Activity

Rhea-AI Filing Summary

SEC Form 4 snapshot – Uranium Energy Corp. (UEC)

President & CEO Amir Adnani reported vesting-related transactions on 07/29/25 and 07/31/25:

• Code M conversions: 448,308 RSUs/PRSUs converted to common stock.
• Code F disposals: 291,761 shares sold/withheld at $8.99 and $8.68 for tax obligations.
• Net change: Direct ownership rose by 156,547 shares to 4,398,873.
• Derivative updates: • 135,463 performance RSUs settled; 27,385 cancelled (Code J). • 330,682 new RSUs granted on 07/31/25 under the 2024 Stock Incentive Plan, vesting in three equal instalments beginning 07/31/26.

Post-filing holdings: ~4.40 m common shares (direct) plus 1.23 m outstanding RSUs (540,984 performance-based; 690,000 time-based, including 132,564 held via Amir Adnani Corp.). All transactions were routine compensation-related, with no open-market purchases.

Positive

• 156,547-share net increase in CEO’s direct holdings, demonstrating continued equity alignment.
• 330,682 new RSUs granted, reinforcing long-term incentive structure through 2028.

Negative

• 291,761 shares disposed to satisfy tax withholding, creating minor market supply.
• 27,385 performance RSUs cancelled due to unmet conditions, reducing potential future share delivery.

Insights

Securities Analyst

TL;DR: Routine RSU vesting; minor net share increase, neutral signal.

The filing shows standard executive compensation mechanics. Adnani converted 448k RSUs into shares while selling 292k to cover taxes, lifting his direct stake to 4.4 m shares. A fresh 331k RSU award extends equity-based incentives through 2028. No open-market buying or cash sales occurred, so liquidity impact is negligible. Overall insider exposure rises modestly and remains substantial, but the activity is programmatic rather than opportunistic.

Executive Compensation Specialist

TL;DR: New 2024 Plan grant enlarges unvested pool; compensation structure intact.

The 330,682 RSU grant under the 2024 Stock Incentive Plan refreshes the CEO’s long-term incentive, vesting over three years. Cancellation of 27,385 unearned performance units aligns with pay-for-performance provisions. Overall RSU inventory rises to ~1.23 m, ensuring continued alignment but adding potential future dilution. Transactions reflect plan design, not discretionary trades.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Adnani Amir

(Last) (First) (Middle)

SUITE 1830

1188 WEST GEORGIA ST.

(Street)

VANCOUVER A1 V6E4A2

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
URANIUM ENERGY CORP [ UEC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
07/29/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/29/2025		M		135,463	A	(2)	4,377,789	D
Common Stock	07/29/2025		F		88,051(1)	D	$8.99	4,289,738	D
Common Stock	07/29/2025		M		48,041	A	(3)	4,337,779	D
Common Stock	07/29/2025		F		31,227(1)	D	$8.99	4,306,552	D
Common Stock	07/29/2025		M		132,240	A	(3)	4,438,792	D
Common Stock	07/29/2025		F		86,316(1)	D	$8.99	4,352,476	D
Common Stock	07/31/2025		M		132,564	A	(3)	4,485,040	D
Common Stock	07/31/2025		F		86,167(1)	D	$8.68	4,398,873	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Based Restricted Stock Units	(2)	07/29/2025		J			27,385	(4)	(4)	Common Stock	27,385	$0	676,447	D
Performance Based Restricted Stock Units	(2)	07/29/2025		M			135,463	(5)	(5)	Common Stock	135,463	$0	540,984	D
Restricted Stock Units	(3)	07/29/2025		M			48,041	(6)	(6)	Common Stock	48,041	$0	396,721	D
Restricted Stock Units	(3)	07/29/2025		M			132,240	(6)	(6)	Common Stock	132,240	$0	264,481	D
Restricted Stock Units	(3)	07/31/2025		A(8)		330,682		(7)	(7)	Common Stock	330,682	$0	595,163	D
Restricted Stock Units	(3)	07/31/2025		M			132,564	(6)	(6)	Common Stock	132,564	$0	132,564	I	By Amir Adnani Corp.

Explanation of Responses:

1. Represents shares of common stock withheld to satisfy tax withholding requirements upon vesting of Performance Based Restricted Stock Units and Restricted Stock Units.

2. Each Performance Based Restricted Stock Unit represents a contingent right to receive one share of common stock. This transaction represents the settlement of Performance Based Restricted Stock Units in shares of common stock on their scheduled vesting date.

3. Each Restricted Stock Unit represents the right to receive, at settlement, one share of common stock.

4. Represents the portion of unearned Performance Based Restricted Stock Units cancelled in accordance with their terms.

5. This award has vested on the third anniversary of the grant date.

6. This award has vested as to one-third of the Restricted Stock Units on the first, second and third anniversary of the grant date.

7. The Restricted Stock Units vest in three equal instalments beginning July 31, 2026. Vested shares will be delivered to the reporting person no later than August 30th of each year.

8. Granted pursuant to and in accordance with the 2024 Stock Incentive Plan.

	/s/ Amir Adnani	07/31/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Uranium Energy (UEC) shares does CEO Amir Adnani now own?

4,398,873 common shares are held directly after the reported transactions.

Did the CEO buy UEC shares on the open market?

No. All shares acquired resulted from RSU vesting (Code M), not open-market purchases.

What price were UEC shares sold at for tax withholding?

Dispositions occurred at $8.99 and $8.68 per share.

How many new RSUs were granted to the CEO on 07/31/25?

A total of 330,682 RSUs were granted under the 2024 Stock Incentive Plan.

When will the newly granted RSUs vest?

They vest in three equal instalments starting July 31, 2026; vested shares must be delivered by August 30 each year.